PWSHub News

Crypto Memes Celebrate Bitcoin’s (BTC) Return to $50,000

Skip to content
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

  • Company

    Communications

    Follow

  • Products

    Industry Products

  • Media

    Media Services

  • Company

    Communications

    Follow

  • Products

    Industry Products

  • Media

    Media Services

  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

    My Content
    • Saved
    • My Interests
    • Newsletters
    • Watchlist
    Settings
    • Account
    • Subscription
    • Billing
    • Help Center
    • Sign Out

Subscribe

    • Markets
    • Economics
    • Industries
    • Tech
    • AI
    • Politics
    • Wealth
    • Pursuits
    • Opinion
    • Businessweek
    • Equality
    • Green
    • CityLab
    • Crypto

Crypto Faithful Crank Out Memes to Herald Bitcoin’s Return to $50,000

  • Crypto celebrates long-awaited rebound on social media
  • Memes focus on vindication after multiple industry setbacks

Bitcoin Hits $50,000 for First Time Since Dec. 2021

February 12, 2024 at 3:07 PM EST

It’s no secret that the digital-asset market loves memes. And that was more than evident on Monday, when the crypto faithful took it upon themselves en masse to announce that Bitcoin reached $50,000 for the first time in more than two years.

After a “crypto winter” that had skeptics questioning the long-term viability of digital assets, many Bitcoin advocates took to the X social-media platform to claim vindication.

Source: bloomberg.com

Related stories
1 day ago - Timing is crucial when it comes to investing in cryptocurrencies, and with the next potential bull run in 2024 on the horizon due to Bitcoin halving, you
1 week ago - One of the Dogecoin creators has revealed how much Bitcoin he holds and what he will do if BTC hits $100,000 after all
2 weeks ago - Dogecoin (DOGE), the cryptocurrency that soared to popularity as a meme, has been nudged out of the top 10 by market cap
6 days ago - Is crypto back? It seems that every other week there is a headline saying bitcoin (BTC) and ether (ETH) are trading hands at prices not seen since 2021, when the crypto market was in an upswing. It’s not obvious that the price...
Other stories
33 minutes ago - Bitcoin topped $54,000 Monday, breaking through a key resistance level that capped prices since mid-February.SOL, MATIC, ATOM led altcoin gains,...
50 minutes ago - The largest inscriptions airdrop to commemorate the first year of the Ordinals protocol will target over 112,383 qualified Bitcoin addresses.
50 minutes ago - Market expert has identified key trends in the crypto market, particularly focusing on the Ethereum rally and its implications for altcoins. 
1 hour ago - Lido Staked Ether has surpassed XRP to become the sixth-largest cryptocurrency, with a market cap of over $31 billion.
1 hour ago - Arbitrum became the top gainer with its 119% surge in daily volume sales, surpassing Ethereum and Solana in the NFT market.
1 hour ago - XRP is currently facing a critical crossroads. The question is whether XRP can maintain its position at the $0.5 mark or if the recent breakdown below multiple moving averages signals a more substantial retreat. The U.S. Dollar Index serves as a barometer for the strength of the dollar against a basket of foreign currencies. ⪮